Average Insurance Adjuster Salary in Malta for 2024

In this article, we will look at the average Insurance Adjuster salary for 2024 in Malta and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does an Insurance Adjuster Make in Malta?

An Insurance Adjuster working in Malta will typically earn around 51,120 EUR per year, and this can range from the lowest average salary of about 26,280 EUR to the highest average salary of 80,800 EUR.

Average Annual Salary
51,120 EUR
Average Monthly Salary
4,260 EUR

Lowest Annual Salary
26,280 EUR
Lowest Monthly Salary
2,190 EUR

Highest Annual Salary
80,800 EUR
Highest Monthly Salary
6,733 EUR

These are average salaries for an Insurance Adjuster in Malta and include benefits such as housing and transport. It's also possible for an Insurance Adjuster to earn more or less than the average salaries shown above.

Insurance Adjuster salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Insurance Adjuster Salaries in Malta

So we've looked at the average salaries an Insurance Adjuster will earn in Malta. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Insurance Adjuster can earn between 26,280 EUR and 80,800 EUR on average in Malta. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Insurance Adjuster in Malta is 50,080 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 50,080 EUR, and 50% of the population earn more than 50,080 EUR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Insurance Adjuster salary in Malta, 25% of the population are earning less than 35,520 EUR while 75% of the population earn more than 35,520 EUR.

75% of the population earn less than 60,880 EUR, and 25% of the population earn more than 60,880 EUR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Insurance Adjuster Salary by Experience Level in Malta

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average insurance adjuster salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Insurance Adjuster in Malta that has less than two years of experience can expect to earn somewhere in the region of 32,960 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Adjuster salary would increase to 38,700 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Adjuster, the average salary would be 55,840 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 64,200 EUR.
  • 15 - 20 Years Experience. An Insurance Adjuster with 15 to 20 years of experience can earn an average of 70,600 EUR.
  • 20+ Years Experience. For an Insurance Adjuster with more than 20 years, the expected average salary increases to 74,300 EUR.

Average Salary by Experience Chart

0-2 Years
32,960 EUR
2-5 Years +23%
38,700 EUR
5-10 Years +42%
55,840 EUR
10-15 Years +17%
64,200 EUR
15-20 Years +10%
70,600 EUR
20+ Years +6%
74,300 EUR

Insurance Adjuster Salary by Education Level in Malta

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Insurance Adjuster in Malta based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Insurance Adjuster in Malta with a certificate or diploma education can earn an average salary of 43,220 EUR.

  • Bachelor's Degree. An Insurance Adjuster in Malta with a bachelor's degree education can earn an average salary of 61,620 EUR.

Average Salary by Education Chart

Certificate or Diploma
43,220 EUR
Bachelor's Degree +47%
61,620 EUR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Malta is around 23,100 to 69,400 EUR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Insurance Adjuster Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Malta, a male insurance adjuster will earn an average of 53,160 EUR, while a female insurance adjuster will earn around 50,980 EUR.

This means that a male insurance adjuster earns approximately 4% more than a female insurance adjuster for performing the same job.

Average Salary by Gender Chart in Malta

Male
53,160 EUR
Female -4%
50,980 EUR

Insurance Adjuster Average Pay Raise in Malta

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Insurance Adjuster in Malta is around 7% every 29 months.

The national average pay raise across all professions and industries in Malta is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 29 ) × 12  = 3%

What this means is that an Insurance Adjuster in Malta can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Malta for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Malta.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Insurance Adjuster Bonus and Incentive Rates in Malta

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Insurance Adjuster is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 3%.

Received Bonus
9%
No Bonus
91%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Malta earn approximately 7% more than private sector employees in the same role.

Public Sector
58,000 EUR
Private Sector -7%
54,180 EUR

Salaries for Jobs Similar to an Insurance Adjuster

In the table below, we have salary information for jobs that are similar to an Insurance Adjuster in Malta.

Job Title Category Salary
Actuarial Analyst Insurance 74,540 EUR
Actuarial Assistant Insurance 53,840 EUR
Actuarial Specialist Insurance 56,140 EUR
Actuary Insurance 72,260 EUR
Adjustment Insurance Clerk Insurance 20,000 EUR
Assistant Broker Insurance 34,360 EUR
Assistant Claims Manager Insurance 57,820 EUR
Associate Insurance Representative Insurance 27,020 EUR
Auditing Insurance Manager Insurance 82,480 EUR
Broker Insurance 57,360 EUR
Claim Advocacy Professional Insurance 52,300 EUR
Claims Adjuster Insurance 21,380 EUR
Claims Analyst Insurance 29,640 EUR
Claims Examiner Insurance 28,720 EUR
Claims Manager Insurance 79,240 EUR
Claims Processor Insurance 20,000 EUR
Claims Representative Insurance 25,940 EUR
Claims Resolution Specialist Insurance 61,400 EUR
Claims Supervisor Insurance 54,460 EUR
Complaints Specialist Insurance 52,460 EUR
Compliance Examiner Insurance 55,020 EUR
Compliance Officer Insurance 44,720 EUR
Compliance Reviewer Insurance 50,520 EUR
Consultant Insurance 57,620 EUR
Eligibility Interviewer Insurance 60,160 EUR
Eligibility Specialist Insurance 58,200 EUR
Insurance Account Manager Insurance 73,820 EUR
Insurance Accounts Executive Insurance 64,720 EUR
Insurance Agent Insurance 34,480 EUR
Insurance Analyst Insurance 56,460 EUR
Insurance Appraiser Insurance 55,940 EUR
Insurance Claims Clerk Insurance 21,400 EUR
Insurance Examiner Insurance 52,820 EUR
Insurance Investigator Insurance 50,660 EUR
Insurance Manager Insurance 96,960 EUR
Insurance Operations Manager Insurance 91,520 EUR
Insurance Policy Processing Clerk Insurance 21,400 EUR
Insurance Pricing Assistant Insurance 43,220 EUR
Insurance Program Manager Insurance 77,060 EUR
Insurance Project Manager Insurance 75,280 EUR
Insurance Quality Assurance Agent Insurance 46,880 EUR
Insurance Sales Agent Insurance 33,980 EUR
Insurance Sales Director Insurance 93,140 EUR
Insurance Sales Manager Insurance 71,020 EUR
Insurance Sales Representative Insurance 28,720 EUR
Insurance Team Leader Insurance 61,460 EUR
Insurance Underwriter Insurance 41,980 EUR
Loss Control Specialist Insurance 54,460 EUR
Loss Prevention Investigator Insurance 61,460 EUR
Loss Prevention Manager Insurance 77,340 EUR
Loss Prevention Specialist Insurance 57,860 EUR
Marine Underwriter Insurance 39,420 EUR
Medical Auditor Insurance 57,320 EUR
Monitoring and Performance Officer Insurance 39,080 EUR
Payment Services Specialist Insurance 57,320 EUR
Policy Change Director Insurance 85,020 EUR
Policy Change Supervisor Insurance 60,180 EUR
Policy Change Technician Insurance 28,660 EUR
Risk Analyst Insurance 61,620 EUR
Risk Management Director Insurance 112,560 EUR
Risk Management Supervisor Insurance 67,360 EUR
Risk Manager Insurance 103,440 EUR
Risk Modeling Manager Insurance 107,320 EUR
Title Insurance Typist Insurance 47,580 EUR
Training Manager Insurance 60,920 EUR

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